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2. Whether it’s Trump or Harris, Steve Schwarzman isn’t worried about a post-election recession. The billionaire Blackstone CEO has publicly backed the former president, but he doesn’t see Vice President Kamala Harris winning as a recession risk. “The economy is pretty strong and both of the candidates in the long run.
- McDonald’s doesn’t think its E. coli outbreak will be like Chipotle’s in 2015. Execs said Chipotle’s cases involved the handling and preparation of food while McDonald’s outbreak was related to potentially contaminated ingredients from a supplier. But that hasn’t stopped victims of the recent outbreak from getting ready to sue the Golden Arches.
- Hollywood’s star is fading. Los Angeles is losing ground as the center of the film industry, as the high cost of living and labor drives entertainment jobs to other locales. New York isn’t doing too well either — the country’s No. 2 entertainment job market also saw its share of jobs dip. The industry’s center of gravity appears to be shifting south.
- Southwest Airlines, Barclays, Capital One, and other companies report earnings.
- G20 finance ministers and central bank governors meet.
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The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Milan Sehmbi, fellow, in London. Amanda Yen, fellow, in New York.
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